How much will the insurance company pay for the total loss

Reference no: EM132644638

A commercial building that has a value of $600,000 is insured on a Broad Perils policy with a coverage limit of $400,000. and a deductible of $1,000.

Problem 1: An airplane crashes into the building and totally destroys it. How much will the insurance company pay for this total loss?

Reference no: EM132644638

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